Resources – Financial Benchmarking

Financial Benchmarking is most often used in order to evaluate performance by focusing on one or more particular indicators. This could be cost per unit, productivity, defects per unit, or otherwise. This measurement of performance is then compared to other firms within their industry. Benchmarking is most commonly an on-going process in which firms continuously seek the improvement of their practices. Benchmarking should basically be treated as an on going structured approach to improving your organisation’s performance and not a one-off measure. The aim is to produce a learning experience, where best practice can be incorporated within your organisation. Financial benchmarking in schools is about more than just effectively managing the budget. It is about achieving best value; the Government policy designed to further continuous improvement in locally provided services, including education. Best value in schools means that resources should be applied to best effect. It means more that just picking the cheapest option. Financial benchmarking can help schools to challenge the way they do things. Better use of finite resources can have a direct impact on educational outcomes, for example, in progressing towards targets.

Aftermarket Solutions Ltd was established in 1999; therefore we have a lot of experience in benchmarking, stock management, financial benchmarking and business benchmarking. Our company specialises in automotive aftermarket, we are based in Warwickshire, and so we are easily accessible and have great public transport links to get to us. We are particularly interested in: sales and profit development, strategic planning, the effective use of working capital, benchmarking and staff development. After sales should always be profitable. The real challenge is to make the right return on investment: lowest costs, smallest investment, biggest profit and still offer excellent customer service.

If you would like any more information on our Financial Benchmarking or want to make an order, you can call Aftermarket Solutions Ltd on (0)1926 411433 or you can email Aftermarket Solutions Ltd at info@aftermarketsolutions.co.uk. We aim to reply to all of our enquiries as quickly as possible, to discuss comments or queries that you may have.